THE People’s Own Savings Bank (POSB) recorded a record net profit of US$10.28 million for the 2025 financial year. Presenting the group’s 2025 financial performance, POSB Chief Executive Officer Garainashe Changunda said the bank had continued to deliver resilient earnings, supported by disciplined financial management and a strong operating model. “The group sustained profitability, recording US$5.86 million in 2023, US$7.65 million in 2024 and US$10.28 million in 2025.
“The forecast net profit for 2026 at US$10.6 million is expected to show a modest improvement compared to 2025, with the growth trajectory impacted by the Monetary Policy Statement (MPS) regulations effective 1 April 2026, particularly those affecting non-funded income,” Changunda said. He said the bank was implementing strategic initiatives to recover a significant portion of the affected income while maintaining long-term profitability. Latest financial reports also show the bank’s equity increased steadily from US$35.93 million in 2023 to US$56.82 million in 2025, reflecting its continued focus on creating shareholder value.
The stronger equity base has enhanced the bank’s financial resilience, strengthened its capacity to fund strategic growth initiatives and reinforced its long-term sustainability. Changunda said POSB remained well capitalised, with capital adequacy ratios comfortably above regulatory requirements. “POSB remained well capitalised, with capital adequacy ratios of 38.96% as at 31 December 2025 and 39.24% as at 30 June 2026.
Both ratios remained well above the 12% regulatory minimum, reflecting the Bank’s strong capital position and capacity to support sustainable business growth. “As at 31 December 2025, the Bank’s capital adequacy ratio also exceeded the industry average of 29.69%, enabling POSB to meet prudential lending requirements while supporting sustainable business growth. “The Non-Performing Loan ratio at 2.09% remained well below the 5% regulatory benchmark and industry average of 3.47%, reflecting strong asset quality, prudent credit risk management, and a resilient loan portfolio that supports sustainable profitability, capital preservation and stakeholder confidence,” he said.
During the reporting period, customer deposits exceeded budget by 25% as at 31 December 2025 and by 19% as at 30 June 2026, a performance Changunda attributed to growing customer confi…
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